Belarus Industry November 2016

Belarus: Industrial production shoots up in November

December 16, 2016

Belarus - Industrial production in November expanded 5.1% over the same month last year, up from October’s 0.3% figure and marking the fastest growth in two years. According to the National Statistical Committee (BELSTAT), the expansion was driven by strong growth in the manufacturing sector and the electricity, gas, steam, hot water and conditioning supply sector, while the mining and quarrying sector was constant year on year.

Annual average growth in industrial production jumped from minus 1.9% in October to minus 0.9% in November, the best figure since May 2015.

FocusEconomics Consensus Forecast participants see industrial production growing 0.6% in 2017, which is unchanged from last month’s Consensus. For 2018, panelists see industrial production increasing 1.9%.

Author:Oliver Reynolds, Economist

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Belarus Industry Chart

Note: Year-on-year changes of working-day adjusted and annual average variation of industrial production index in %.Source: National Statistical Committee of the Republic of Belarus (BELSTAT) and FocusEconomics calculations.

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Belarus Economic News

Industrial production rose 5.4% over the same month of the previous year in July, coming in lower than the 6.6% jump in June.
According to Belarus’ National Statistical Committee (BELSTAT), the biggest expansion was observed in the manufacturing sub-index, which itself was driven by a noteworthy increase in the production of machinery and equipment.

Industrial production rose a solid 6.6% over the same month of the previous year in June, but came in lower than the notable 8.4% jump in May.
According to Belarus’ National Statistical Committee (BELSTAT), the biggest expansion was observed in the manufacturing sub-index, which in turn was driven by an upsurge in the production of machinery and equipment.

Industrial production in May jumped 8.4% over the same month last year, however the reading comes in below April’s 8.7%.
According to Belarus’ National Statistical Committee (BELSTAT), the expansion was driven primarily by strong growth in the manufacture of machinery and equipment sector, while the category of other manufacturing (which includes repair and installation of machinery and equipment) recorded the biggest contraction.
Annual average growth in industrial production increased from 2.2% in April to 2.8% in May, marking the highest result in over four years.